Browsing listings is exciting, but your first homebuying step should be mortgage pre-approval. Here are three reasons to start with pre-approval before anything else.
Pre-approval gives you a clear idea of your budget. You’ll know what you can afford and how much lenders are willing to offer. This prevents you from falling for a home that’s out of reach and keeps your search focused. With a set budget, you and your realtor can explore listings that match your price range.
A mortgage pre-approval speeds up the process. It lets you act fast when you find the right home. In a competitive market, this can make all the difference. A pre-approval letter shows sellers you’re a serious buyer, giving you an edge if others are interested in the same property.
Pre-approval also helps you explore loan and down payment options. Home loans are diverse, and your loan officer can guide you to the best fit for your financial situation. This gives you a strong start on your homebuying journey.
ALCOVA Mortgage offers a unique, guaranteed pre-approval with our CAN-DO Certification. In today’s market, this certification can help you make a strong offer, boosting your chances in a bidding war.
Contact one of ALCOVA’s expert loan officers to start your mortgage pre-approval and kick off your homebuying journey!
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